XENOLIX MINING (fka XTCI)

[HSM]

Here is the PR about the GPGI COC report.

Global Platinum + Gold, Inc. Announces Publication of Fischer Report

SALT LAKE CITY, Sep 5, 2001 /PRNewswire via COMTEX/ -- The following is being
issued by Global Platinum + Gold, Inc. (OTC: GPGI):

Global is pleased to publish verbatim the independent report prepared by Robert
E. Fischer, a registered and certified metallurgical engineer that represents
verification that Global has approximately 8.4 ounces per ton of platinum in its
Hassayampa ore. The report is as follows:


IDA-MET, INC.
215 Meadowbrook Drive
Nampa, ID 83686

During the latter part of February, 2001, I visited the Hassayampa mining and
milling site owned by C & W Mining and leased by Global Platinum + Gold, Inc.,
at the request of Mr. Rusell Twiford, representing Global Platinum + Gold, Inc
and the PGM Corporation.

I am a registered professional engineer with a Professional Metallurgical
Engineering degree and BBA. My work history includes uranium and vanadium
extraction, phosphate extraction and processing, plant design and construction
and supervision. I was employed by Climax Uranium from 1956-1961 and by the J.R.
Simplot Company, Inc. from 1961 through 1991. I retired in 1991 and formed my
own consulting company, Ida-Met Inc., specializing in gold, platinum group
metals, rare earth extractions and plant layout and design.

On site I found that the ore, which appeared to be primarily sand containing
some calcium and small amounts of clay, was first screened to a minus 1/2 inch
and ground in rubber lined ball mill to minus 100 mesh. The slurry was then
leached for about one hour, filtered across a horizontal filter with the clean
sand to the tailing pile and the pregnant liquor to their holding tank. The
pregnant liquor formed the basis for documentation of the recovery procedure
outlined in this report.

I first checked the pregnant liquor for evidence of the precious metals and
found no evidence using a standard AA analysis. I then duplicated the method
shown to me earlier by Mr. Twiford, and found evidence of considerable precious
metals in the solution.

Forty gallons of liquor from the holding tank equal to 80 pounds of processed
ore was put into a 50 gallon tank and I proceeded to follow Mr. Twiford's
written instructions and was successful in recovering a net amount of platinum
to metal in hand, extrapolated to ounces per ton of processed ore of 8.4 ounces,
with an estimated fineness of 900 or better. A confidential atomic absorption
technique was used to determine the platinum analysis at various steps while
tracing the platinum as it passed from the actual leach solution through the
precipitation and smelting to metal in hand.

The only individual allowed to help me was a Mr. Ryan Owens, who has an
excellent reputation and was familiar with the procedures of precipitation and
smelting. There is no doubt in my mind that this particular "chain of custody"
test could not possibly have had any outside interference.

CONCLUSIONS: My overall conclusions are that the procedures used by Mr. Twiford
in the recovery of the platinum are accurate and conclusive and should enable
the user to extract platinum in commercial and economical quantities.

I also believe that the same procedure could be successful on the other precious
metals, gold, palladium and rhodium.


/s/Robert E. Fischer
Consulting Engineer
March 7, 2001

SEAL

Within the next day or so, information regarding pro forma production data will
be forthcoming.

This communication to shareholders and the public contains certain
forward-looking statements. Actual results may differ materially from those
indicated by such statements. All statements, other than statements of
historical fact, included herein, including, without limitation, statements
regarding future production and estimated values, are forward looking statements
that involve various risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements.

For information contact: Robert J. Nielson 801-277-0744, www.globalplatinum.com


MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X03148914

SOURCE Global Platinum + Gold, Inc.


CONTACT: Robert J. Nielson of Global Platinum + Gold, Inc.,
[phone]

URL: http://www.globalplatinum.com
http://www.prnewswire.com

Copyright (C) 2001 PR Newswire. All rights reserved.

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KEYWORD: Utah
INDUSTRY KEYWORD: MNG
OTC
SUBJECT CODE: OTC

STOCK SYMBOLS: [(gpgi)]


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